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A $58 million grant from the state’s environmental protection agency is bankrolling 27 new electric buses for Pace and 30 for the CTA — more than doubling the number in the city and suburbs, Gov. JB Pritzker announced Friday.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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A textbook example of why Chicago has become dysfunctional…..
Another $58M tax dollars forcibly taken from hard working Citizens pockets…wasted on technology and a product that does not work. Spent with companies who are bankrupt. Doesn’t anyone in Springfield have a damn brain? There is no Logic here…
There should be a DOGE in Illinois.
Are the CTA/ PACE EV buses to be supplied by bankrupt Lion Electric made in the bankrupt state of Illinois with taxpayer $?
The reporting didn’t say. Maybe they are from Protera. In Bloomington Normal, most of the Protera electric buses they bought are inoperable.